Three houses in a row on Macnamara St, Manunda for sale
A LEADING Cairns real estate agent has warned those in the market for a property should buy now or be prepared to fork out higher prices in coming months.
With three properties in a row for sale on Macnamara St, Manunda, for less than one Sydney home, Re/Max Cairns principal Tony Williamson said he could not understand why everyone in the country wasn’t looking at the region’s real estate market.
“We have got the best market, the lowest interest rates at the moment, so why isn’t everyone buying property?” he said.
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“We’re selling at 2004 prices — that’s pre-Facebook prices, so everyone needs to get off Facebook and get in the market.
“You can buy cheaper than you can rent at the moment and I’d encourage everyone to take advantage of the property wave that is coming.
“Mackay’s market started changing six months ago, Townsville’s started moving two months ago, now it’s our turn. These things I’ve noticed come up the coast.”
The three Queenslander-style homes at 37, 39 and 41 Macnamara St are currently held by a Lakeland-based business.
Mr Williamson said they could be bought separately or together, put on one title and the site developed into a unit block.
“You can sell your average suburban house in Sydney, come to Cairns and buy three houses,” he said.
“People need to buy now because the prices will start going up and then it takes off, it becomes a frenzy and people miss out. Don’t think in six months you should have bought something.”
Both 37 and 41 Macnamara St are two-bedroom homes while 39 has three bedrooms. Together, the homes sit on 942 sqm.
More than a third of Manunda’s properties are detached houses and just under 20 per cent are owned outright.
On average, two people live in each household in the suburb.